The Baiduri Momentum Summit 2023 is set to bring together treasurers and senior corporate leaders where major investment topics and market outlooks will be explored by an expert panel of speakers on 8 August.
Policy direction, Artificial Intelligence, Environmental, Social and Governance (ESG) and investment trends will be analysed and discussed at the inaugural invitation-only summit at the Empire Brunei.
Dr. Taimur Baig, headline speaker at the summit, expects the Federal Reserve rate hikes to cease, despite policymakers indicating otherwise at a meeting in July.
“The key message of the Federal Reserve is that policy vigilance would persist even as inflation prints turn favourable. We think the US central bank would keep monetary conditions restrictive for a protracted period. This would particularly hold as private consumption and the labour market remain in expansionary territory,” he wrote.
Dr. Baig added: “Examining the data flow on economic activity, consumer and business confidence, labour market, and financial market conditions, we think the Fed would find support for a prolonged period of wait-and-watch that may last through the middle of next year.”
The Chief Economist of DBS Bank will share more of his insights on the global economic and markets outlook at the summit.
Dr. Baig’s expertise covers macro and investment strategy, as well as risk management. He is an Honorary Advisor to the Global CFO Network, Director Fellow at the Asian Financial Cooperation Association, and Council Member of the Economic Society of Singapore.
Before joining DBS in 2017, Dr. Baig was Principal Economist at the Economic Policy Group, Monetary Authority of Singapore (MAS).
Prior to that, he spent nine years at Deutsche bank, where he was Chief Economist, Asia. Dr Baig cut his teeth in Washington, DC, at the headquarters of the International Monetary Fund, as a Senior Economist from 1999 to 2007.
Alicia Tan, Senior Product Specialist, Asian Fixed Income of Allianz Global Investors and Yeu Huan Lai, Co-Head Asian Equity and Senior Portfolio Manager of Nikko AM will also feature at the summit.